BOSTON, March 28, 2013 /PRNewswire/ -- Eaton Vance Management, the Boston-based investment adviser, today announced the monthly distributions declared on the common shares of eight of its closed-end municipal bond funds (the "Funds"). The announcement reflects a decrease in the monthly distribution for Eaton Vance California Municipal Income Trust (NYSE MKT: CEV), Eaton Vance Massachusetts Municipal Income Trust (NYSE MKT: MMV), Eaton Vance Michigan Municipal Income Trust (NYSE MKT: EMI), Eaton Vance New York Municipal Income Trust (NYSE MKT: EVY) and Eaton Vance Pennsylvania Municipal Income Trust (NYSE MKT: EVP). The record date for the distributions is April 10, 2013, and the payable date is April 17, 2013. The ex-date is April 8, 2013. The distribution per share, closing market price on March 27, 2013 (or last trade price), and annualized market yield for each Fund are as follows:
Eaton Vance Municipal Income Trust (NYSE: EVN)
Eaton Vance California Municipal Income Trust (NYSE MKT: CEV)
Eaton Vance Massachusetts Municipal Income Trust (NYSE MKT: MMV)
Eaton Vance Michigan Municipal Income Trust (NYSE MKT: EMI)
Eaton Vance New Jersey Municipal Income Trust (NYSE MKT: EVJ)
Eaton Vance New York Municipal Income Trust (NYSE MKT: EVY)
Eaton Vance Ohio Municipal Income Trust (NYSE MKT: EVO)
Eaton Vance Pennsylvania Municipal Income Trust (NYSE MKT: EVP)
The amount of monthly distributions may vary depending on a number of factors. As portfolio and market conditions change, the rate of distributions on the Funds' common shares could change.
The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $247.8 billion in assets as of January 31, 2013, offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors. For more information about Eaton Vance, visit www.eatonvance.com.
Shares of closed-end funds often trade at a discount from their net asset value. The market price of Fund shares may vary from net asset value based on factors affecting the supply and demand for shares, such as Fund distribution rates relative to similar investments, investors' expectations for future distribution changes, the clarity of the Fund's investment strategy and future return expectations, and investors' confidence in the underlying markets in which the Fund invests. Fund shares are subject to investment risk, including possible loss of principal invested. No Fund is a complete investment program and you may lose money investing in a Fund. An investment in a Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully the Fund's investment objective, risks, charges and expenses.
SOURCE Eaton Vance Management
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